Year to Date Real Estate Transactions Up 17.5%!

Posted By Cathy Hunnicutt @ Jul 15th 2015 9:45am In: Market Stats

Even after the slowest week since January, the Charleston real estate market is performing very well! Median sales price is up 3.3% - from $223k to $230k. This is the highest median sales price ever achieved for Charleston!

291 Charleston residential properties went under contract last week, July 3rd - 9th. 237 were single family homes with a median list price of $230k, $120/sf. 13 were listed under $100k. 9 were listed over $1M. Median days on the market is 40. Median year built is 1999. 10(4%) of 237 single family homes under contract were either foreclosures or short sales (fc/ss). 9% were new construction.  

37 Mt. Pleasant single family homes under contract past week and were listed from $181k to $3.2M. The median list price was $430k, $195/sf. 17 were over $500k. 2 were under $300k. 1 was over $1M. Only 4 were under $150/sqft. 2 were fc/ss. 6(16%) were new construction.

Only 4 Peninsula Charleston single family homes went under contract during the past week. List prices were $250k, $360k, $449k, $615k. All 4 homes were north of the crosstown.

39 Island homes went under contract over the past week. 

James Island - 16 (see detail below). Folly Beach - 4 ($600k, $774k, $775k, $1.9M). Johns Island - 5 ($229k, $268k, $415k, $475k, $1.3M). Wadmalaw Island - 1 ($685k). Edisto Island - 4 ($65k, $285k, $489k, $650k). Seabrook Island - 1 ($795k). Sullivans Island - 2 ($1.3M, $3.2M). Isle of Palms - 3 ($795k, $1M, $1.45M). Wild Dunes - 1 ($1.2M).  Daniel island - 2 ($735k, $800k).

16 James Island single family homes went under contract over the past week and were listed from $184k - $725k. The median list price was $272k or $175/sf. 2 were under $200k. 4 were over $400k. Only 1 was new construction.

20 West Ashley single family homes went under contract this past week and were listed from $165k - $2.7M. 1 was under $175k and 6 were over $400k. Median list price was $260k at $164/sf. None were fc/ss or new construction.

22 North Charleston single family homes under contract this past week and were listed from $25k - $310k. 6 were under $100k. 4 were over $200k. Median list price is $131k or $86/sqft. Only 1 was fc/ss and 1 was new construction.

52 Summerville/Ladson single family homes went under contract over the past week. List prices ranged from $66k - $750k. 5 were in Wescott Plantation. Median list price was $196k, $102/sf. 1 was under $100k and 5 were over $300k. 1 was a fc/ss and 3 were new construction.

60 Hanahan/Goose Creek/Moncks Corner single family homes went under contract last week with listing prices from $67k - $420k. 7 were in Crowfield Plantation. The median list price was $180k, $99/sf. 5 were below $100k and 3 were above $300k. 3 were fc/ss and 8(13%) were new construction.

46 Condo/Townhomes went under contract last week. 4 were listed under $100k. 29 from $100k - $200k. 7 from $205k - $300k. 5 from $330k - $699k. 3 from $489k -$625k. 1 was listed at $1.6M. 11 were in Mt. Pleasant. 1 fc/ss and 3 were new construction.

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